Taxation of Futures Trading Gains and Losses

question 31

Multiple Choice

Taxation of futures trading gains and losses

• A)is based on cumulative year-end profits or losses.
• B)occurs based on the date contracts are sold or closed.
• C)can be timed to offset stock portfolio gains and losses.
• D)is based on the contract holding period.
• E)None of the options

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Definitions:

Planning

The process of making plans for something, involving thinking and organizing the activities required to achieve a desired goal.

Evaluation

A systematic process for determining the merit, value, or significance of an object or program.

Enema Solution

A liquid injected into the rectum to induce bowel movements or administer drugs or nutrients for medical reasons.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.